Ping An Bank's (SZSE:000001) Dividend Will Be Increased To CN¥0.719
Jun 09
Chinese (SSE) Market Analysis & Valuation
UpdatedJun 19, 2024
DataAggregated Company Financials
Companies4990
- 7D0.6%
- 3M-5.1%
- 1Y-15.5%
- YTD-4.9%
The Information Technology sector gained 4.6% while the market remained flat over the last week. As for last year, the market is down 15%. As for the next few years, earnings are expected to grow by 23% per annum.
Market Valuation and Performance
Has the Chinese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 19 Jun 2024 | CN¥62.8t | CN¥50.8t | CN¥2.8t | 30.2x | 22.4x | 1.2x |
| Fri, 17 May 2024 | CN¥65.4t | CN¥50.8t | CN¥2.8t | 31.9x | 23.5x | 1.3x |
| Sun, 14 Apr 2024 | CN¥63.0t | CN¥50.9t | CN¥2.9t | 30.3x | 22x | 1.2x |
| Tue, 12 Mar 2024 | CN¥64.8t | CN¥51.3t | CN¥2.8t | 30.8x | 22.7x | 1.3x |
| Thu, 08 Feb 2024 | CN¥57.7t | CN¥51.9t | CN¥3.1t | 24.7x | 18.7x | 1.1x |
| Sat, 06 Jan 2024 | CN¥63.5t | CN¥49.9t | CN¥2.7t | 34.2x | 23.4x | 1.3x |
| Mon, 04 Dec 2023 | CN¥66.7t | CN¥49.8t | CN¥2.7t | 35.7x | 24.6x | 1.3x |
| Wed, 01 Nov 2023 | CN¥66.1t | CN¥49.7t | CN¥2.7t | 34.3x | 24.3x | 1.3x |
| Fri, 29 Sep 2023 | CN¥67.6t | CN¥49.6t | CN¥2.7t | 35.2x | 24.7x | 1.4x |
| Sun, 27 Aug 2023 | CN¥66.4t | CN¥49.4t | CN¥2.8t | 33.2x | 23.5x | 1.3x |
| Tue, 25 Jul 2023 | CN¥69.6t | CN¥49.1t | CN¥2.8t | 35.7x | 24.6x | 1.4x |
| Thu, 22 Jun 2023 | CN¥70.5t | CN¥49.1t | CN¥2.8t | 36.1x | 25.1x | 1.4x |
| Sat, 20 May 2023 | CN¥71.0t | CN¥49.0t | CN¥2.8t | 35.6x | 25.1x | 1.5x |
| Mon, 17 Apr 2023 | CN¥74.0t | CN¥48.4t | CN¥2.9t | 36.3x | 25.7x | 1.5x |
| Wed, 15 Mar 2023 | CN¥71.6t | CN¥47.9t | CN¥2.9t | 35.8x | 24.9x | 1.5x |
| Fri, 10 Feb 2023 | CN¥73.9t | CN¥47.5t | CN¥2.9t | 36.6x | 25.8x | 1.6x |
| Sun, 08 Jan 2023 | CN¥69.8t | CN¥47.5t | CN¥2.8t | 33.5x | 24.8x | 1.5x |
| Tue, 06 Dec 2022 | CN¥70.3t | CN¥47.5t | CN¥2.8t | 34.6x | 24.9x | 1.5x |
| Thu, 03 Nov 2022 | CN¥66.5t | CN¥47.5t | CN¥2.8t | 33.5x | 23.6x | 1.4x |
| Sat, 01 Oct 2022 | CN¥65.3t | CN¥46.6t | CN¥2.9t | 30x | 22.9x | 1.4x |
| Mon, 29 Aug 2022 | CN¥71.4t | CN¥46.8t | CN¥2.9t | 34.3x | 24.9x | 1.5x |
| Wed, 27 Jul 2022 | CN¥71.9t | CN¥46.1t | CN¥2.8t | 34.3x | 25.4x | 1.6x |
| Fri, 24 Jun 2022 | CN¥71.2t | CN¥46.1t | CN¥2.8t | 33.4x | 25.1x | 1.5x |
| Sun, 22 May 2022 | CN¥66.1t | CN¥46.1t | CN¥2.8t | 31x | 23.4x | 1.4x |
| Tue, 19 Apr 2022 | CN¥67.0t | CN¥45.4t | CN¥3.0t | 30.6x | 22.5x | 1.5x |
| Thu, 17 Mar 2022 | CN¥68.0t | CN¥44.7t | CN¥3.0t | 31.2x | 22.8x | 1.5x |
| Sat, 12 Feb 2022 | CN¥73.5t | CN¥44.1t | CN¥3.0t | 34.1x | 24.8x | 1.7x |
| Mon, 10 Jan 2022 | CN¥78.0t | CN¥43.8t | CN¥2.9t | 37.6x | 26.6x | 1.8x |
| Wed, 08 Dec 2021 | CN¥78.6t | CN¥43.7t | CN¥2.9t | 36.4x | 26.9x | 1.8x |
| Fri, 05 Nov 2021 | CN¥76.0t | CN¥43.8t | CN¥2.9t | 34.3x | 26x | 1.7x |
| Sun, 03 Oct 2021 | CN¥75.3t | CN¥42.4t | CN¥2.9t | 33.1x | 25.7x | 1.8x |
| Tue, 31 Aug 2021 | CN¥75.6t | CN¥42.4t | CN¥2.9t | 34.6x | 25.8x | 1.8x |
| Wed, 07 Jul 2021 | CN¥75.5t | CN¥42.2t | CN¥2.9t | 33.9x | 26x | 1.8x |
Price to Earnings Ratio
26x
Current Market PE
- Investors are relatively neutral on the Chinese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 24.4x.
Past Earnings Growth
- The earnings for Chinese listed companies have remained mostly flat over the last three years.
- Meanwhile revenues have grown 6.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Sector Trends
Which sectors have driven the changes within the Chinese Market?
| CN Market | 0.55% | |
| Tech | 4.61% | |
| Industrials | 1.36% | |
| Telecom | 1.10% | |
| Consumer Discretionary | 0.99% | |
| Financials | 0.39% | |
| Energy | -0.58% | |
| Materials | -0.93% | |
| Utilities | -1.33% | |
| Healthcare | -2.20% | |
| Real Estate | -2.62% | |
| Consumer Staples | -2.70% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 49.1x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 34.0% which is higher than its past year's earnings decline of 5.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 34% over the next 5 years.
- This is better than its past earnings decline of 5.5% per year.
- In contrast, the Financials sector is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 601138 Foxconn Industrial Internet | CN¥28.62 | 18.2% +CN¥87.6b | 10.0% | PE25.7x | Tech | |
| 2475 Luxshare Precision Industry | CN¥37.99 | 19.5% +CN¥44.6b | 20.3% | PE23.9x | Tech | |
| 300308 Zhongji Innolight | CN¥146.91 | 23.4% +CN¥30.6b | 21.0% | PE55x | Tech | |
| 601127 Seres GroupLtd | CN¥100.35 | 16.7% +CN¥21.6b | 148.2% | PS2.6x | Consumer Discretionary | |
| 2938 Avary Holding(Shenzhen)Co | CN¥39.00 | 25.9% +CN¥18.5b | 54.8% | PE26.8x | Tech |
